CAclubindia Articles

4.94% Service Tax on Restaurant Bills - are we paying extra?

Posted by Navin 17 January 2013 63376 Views

From the plain and simple reading of the provisions of the Service Tax Law, one will simply understand that Service Tax can be levied only on the service portion of any activity. But generally the restaurant owners charge Service Tax on the total bi

A Small Note on Related Party Disclosure

Posted by CA Prashant Gupta 17 January 2013 91488 Views

A Small Note on Related Party Disclosure Sometimes relation between two or more enterprises effects the arm length price transactions between them. To know the effect of this relation on financial statement, one must know this relation. For this p

Reverse Charge Methodology under Service tax

Posted by CA. RAVIKUMAR 17 January 2013 47438 Views

Reverse Charge Methodology of Service Tax. The responsibility to pay service Tax: With effect from 1st July, 2012 The Government of India has notified the concept called reverse charge Methodology, A brief explanation about the same has been inc

SEBI Buy Back Modification - Open Market purchase 2013

Posted by AMITAVA BANERJEE 17 January 2013 6183 Views

Sebi buy back framework modification open market purchase 2013 CS Amitava Banerjee A repurchase of outstanding shares from investors, by a company using its surplus cash within a stipulated time frame at their prevailing market prices

HC grant stay against CBEC's Circular on Recovery of Demands

Posted by Bimal Jain 15 January 2013 18937 Views

AP High Court grant interim stay against CBECs Circular on recovery of confirmed demand during pendency of stay application The Central Board of Excise and Customs (CBEC) has issued its first Central Excise Circular No. 967/01/2013 - CX, dat

XBRL in details

Posted by Lakshmi 15 January 2013 12238 Views

1. What is XBRL? XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business

Taxation of Non Residents

Posted by CA Sumat Singhal 15 January 2013 24705 Views

TAxation of non residents Who is a resident for tax purposes? (Section 6) INDIVIDUAL An individual is considered as a resident if he is in India for 182 days or more in a previous year OR in India for 365 days o

Know your "hidden strengths" to decide your career

Posted by CA SURENDRA KUMAR RAKHECHA 15 January 2013 15593 Views

TO DECIDE A CAREER IS ONE OF THE TOUGHEST DECISION IN THE LIFE. . Students generally decide what is good at "present" and accordingly join that course. (Example : An exponential increase in number of CA students, as the mass thought CA c

Search & Survey under income tax act

Posted by CS Advocate Abhishek Goyal 12 January 2013 78423 Views

SEARCH & SURVEY-PROVISIONS & PROCEDURES-A BRIEF OVERVIEW Search & seizure-meaning of: Search, according to normal dictionary meaning, means to look out, to seek or to find something the presence of which is su

Essence of Planning for a CA Aspirant

Posted by CA Priyank Singhi 12 January 2013 18118 Views

What do we mean by planning? Planning is the process of thinking about and organizing the activities required to achieve a desired goal. It involves creation and maintenance of a plan. Planning always has a purpose achievement of a goal or